General Book-keeping & Accounting - The Book-keepers Forum (UK)

Suffolker · Suffolker

I was just wondering if anyone could tell me which nominal code to use for the following please. A clients cheques bounced when paying rent so the owner has charged the client an £80 fee in total because of this. Where should I post this fee to? Many thanks in advance

Dev86 · Dev86

I'm currently studing OCR manual booking keeping level 1 and computerised level 2 in the evenings and at college, whilst I work as a website and database admin - I've been in administration for the past 4 years now - So i have some solid foundations to move on to bookkeping i think. What i'de like to know i...

Lilac Bookkeeping · Lilac Bookkeeping

Hi Who else is working on such a beautiful day? So unfair! I have got to post interim dividends paid and final dividend on sage and I know it has to show after profit so that the correct corporation tax can be calculated but what code and chart of accounts should it go to? Presumabley if profit is nom code 32...

Samilou67 · Samilou67

Hi can anyone tell me how to correct the profit & loss for a company in Sage? The owner has completed their tax return for 2012-13 but the loss shown on their tax return differs from the figure on the Sage file I have been given by a couple of hundred. I have no way of going through it and picking out the...

SteveB · SteveB

Hi! I am starting a new business in a few weeks time and am having difficulty deciding which software package to use for my business. The business is service related. I will not be registered for VAT initially as I do not anticipate getting to the threshold for 2 years or so. I expect about 4 or 5 Sales Invo...

markhuges · markhuges

Hello, I wanted to ask, If someone could help me please What is the DR and CR When we are Accruing for EXPECTED Income? Such as Money IN E.G Someone paying ME rent And If I have accrued Telephone bill of £1000 so DR Telephone CR Accrual Libality. NEXT YEAR THE BILL COMES but I over accrued , the bill is...

Eilef · Eilef

I have spent most the day looking over posts in the forum, a lot just go over my head at the moment. Others make sense and some are just confusing. i read in a detailed con flab about fees, someone said they charge £70 a month for driving instructors books, but what does that get them? others I think Shamus s...

Tangfastic · Tangfastic

I'm currently studying bookkeeping and recently failed a module - I passed 9 out of 10 so it's not all bad. However I have a question about entering opening nominal balances and where they should go as I lost a few marks. I had worked out the nominal balance for the end of the previous financial year and wa...

yellowsenska · yellowsenska

Hi there, My husband uses his van only for business purposes(limited company). Does he have to keep a record of every trip he takes ? Many Thanks K

ErIndoorz · ErIndoorz

Hi I have paid some suppliers which are on my Belgium Sage from my account on my UK Sage I have tried to journal to intercompany account but have been given the message 'You cannot post journal transactions from non-Base currency Bank Accounts' Can anyone advise the best way to show this please? Forg...

111 Bookkeeping and Payroll · 111 Bookkeeping and Payroll

The lady I met last night does her own books with a P & L sheet ready for accountant. Her figures showed (say) £17000 net profit and former accountant had (say) £14500 nett profit. I didn't have time to study in depth the two breakdowns but one thing immediately caught my eye was working from home (...

jaybag · jaybag

Hello to all I have been asked to arrange payroll for a client of mine, weekly basis, 2-3 employees only working weekends. Their accountant suggested I use Money soft, any other software packages that are easy to use anyone can suggest? I run Sage 50 accounts but sage payroll is too expensive! Thank yo...

111 Bookkeeping and Payroll · 111 Bookkeeping and Payroll

Met someone last night who had issues with her former accountant, and was looking for someone to submit sole trader tax return. One of the issues involved was because accountant had failed to inform her that she would have a 100% loading on her tax. (say 1200 - 1800 payable 31st Jan 600 31st July and she...

Nikola · Nikola

I have recently qualified in AAT Level 2 book keeping and am about to study AAT level 3. I would like to start my own book keeping business but at present i am lacking in confidence due to the fact that i have not had any practical experience in some of the areas i have covered in the level 2 workbooks. In my pr...

Crina251075 · Crina251075

Good morning, everybody. I am new to sage 200 and Report Designer. I noticed some reports are marked as "historical". what does it mean? what kind of date will drop into "historical"? Thanks! Crina

jaybag · jaybag

Hi Has anyone come across brokerage before and the best way to show it on Sage? i,e Joe puts his boat on brokerage with them for say £200 Dave buys the boat for £200 We then pay Joe the cash (minus 8% commission plus vat = £19.20 ) = £180.80 I know the boat shouldn't be showed as an asset, can I just put through t...

abacus12345 · abacus12345

Hey guys. Is it possible to build a business based upon acting purely for sole traders? Is it possible to earn in excess of Â£20k net? Providing bookkeeping and tax work. I don't think Â£20k is a ridiculous number. Of course I don't expect revenue of this amount over night! Based upon the l...

Amanda · Amanda

Hi all, What would you put in a CV? I am updating my current CV as I need to produce it and I was wondering how far back you should go on education? Would you put your schools years down there if you are over 40? I have actually gained more qualifications since leaving school! Any replies will be appreciate...

BookkeeperBasingstoke · BookkeeperBasingstoke

Can I ask what people charge to do a set of dormant accounts? Also do you charge extra on top of the filing fees for CH and HMRC or just the fee itself? Thank you

josephteh · josephteh

Malaysia is implementing GST @ 6% (VAT equivalent) on 1 April 2015. We are allowed to claim a Bad Debt Relief if the debtors have not paid us in 6 months.Please help me up on the accounting entries & disclosure:Accounting entries on issuance of sales invoice:Dr Debtor $106Cr Sales $100Cr GST Outp...

Topic		Started By	Replies	Views	Last Post
	Which Nominal Code To Use? (Preview) I was just wondering if anyone could tell me which nominal code to use for the following please. A clients cheques bounced when paying rent so the owner has charged the client an £80 fee in total because of this. Where should I post this fee to? Many thanks in advance	Suffolker	15	28774	Mon Jul 28 22:44 2014 by Howtobookkeep
	OCR level 2 to AAT (Preview) I'm currently studing OCR manual booking keeping level 1 and computerised level 2 in the evenings and at college, whilst I work as a website and database admin - I've been in administration for the past 4 years now - So i have some solid foundations to move on to bookkeping i think. What i'de like to know i...	Dev86	13	7915	Mon Jul 28 22:43 2014 by Howtobookkeep
	How do you post directors dividends for end of year and interim on sage? (Preview) Hi Who else is working on such a beautiful day? So unfair! I have got to post interim dividends paid and final dividend on sage and I know it has to show after profit so that the correct corporation tax can be calculated but what code and chart of accounts should it go to? Presumabley if profit is nom code 32...	Lilac Bookkeeping	6	37308	Mon Jul 28 22:38 2014 by Howtobookkeep
	Profit & Loss doesnt match (Preview) Hi can anyone tell me how to correct the profit & loss for a company in Sage? The owner has completed their tax return for 2012-13 but the loss shown on their tax return differs from the figure on the Sage file I have been given by a couple of hundred. I have no way of going through it and picking out the...	Samilou67	3	1918	Mon Jul 28 22:07 2014 by Howtobookkeep
	Best Software Package for a new business (Preview) Hi! I am starting a new business in a few weeks time and am having difficulty deciding which software package to use for my business. The business is service related. I will not be registered for VAT initially as I do not anticipate getting to the threshold for 2 years or so. I expect about 4 or 5 Sales Invo...	SteveB	11	1426	Mon Jul 28 22:05 2014 by Howtobookkeep
	Accounting Newbie - Need Help with Advance DR and Cr (Preview) Hello, I wanted to ask, If someone could help me please What is the DR and CR When we are Accruing for EXPECTED Income? Such as Money IN E.G Someone paying ME rent And If I have accrued Telephone bill of £1000 so DR Telephone CR Accrual Libality. NEXT YEAR THE BILL COMES but I over accrued , the bill is...	markhuges	4	1016	Mon Jul 28 21:31 2014 by Howtobookkeep
	What Bang do you get for your buck? (Preview) I have spent most the day looking over posts in the forum, a lot just go over my head at the moment. Others make sense and some are just confusing. i read in a detailed con flab about fees, someone said they charge £70 a month for driving instructors books, but what does that get them? others I think Shamus s...	Eilef	7	1041	Mon Jul 28 19:51 2014 by David Ballantyne
	SAGE - Nominal Ledger and prepaid rent (Preview) I'm currently studying bookkeeping and recently failed a module - I passed 9 out of 10 so it's not all bad. However I have a question about entering opening nominal balances and where they should go as I lost a few marks. I had worked out the nominal balance for the end of the previous financial year and wa...	Tangfastic	0	772	Mon Jul 28 15:57 2014 by Tangfastic
	Van Mileage Record Keeping (Preview) Hi there, My husband uses his van only for business purposes(limited company). Does he have to keep a record of every trip he takes ? Many Thanks K	yellowsenska	3	770	Mon Jul 28 11:44 2014 by RobH
	SAGE - Intercompany Journals with different currency (Preview) Hi I have paid some suppliers which are on my Belgium Sage from my account on my UK Sage I have tried to journal to intercompany account but have been given the message 'You cannot post journal transactions from non-Base currency Bank Accounts' Can anyone advise the best way to show this please? Forg...	ErIndoorz	1	1595	Sat Jul 26 12:50 2014 by FoxAccountancyServices
	What to claim for on a tax return (Preview) The lady I met last night does her own books with a P & L sheet ready for accountant. Her figures showed (say) £17000 net profit and former accountant had (say) £14500 nett profit. I didn't have time to study in depth the two breakdowns but one thing immediately caught my eye was working from home (...	111 Bookkeeping and Payroll	15	1164	Sat Jul 26 12:18 2014 by FoxAccountancyServices
	Payroll software (Preview) Hello to all I have been asked to arrange payroll for a client of mine, weekly basis, 2-3 employees only working weekends. Their accountant suggested I use Money soft, any other software packages that are easy to use anyone can suggest? I run Sage 50 accounts but sage payroll is too expensive! Thank yo...	jaybag	10	996	Sat Jul 26 08:15 2014 by Princess
	Setting tax to zero on sa tax return. (Preview) Met someone last night who had issues with her former accountant, and was looking for someone to submit sole trader tax return. One of the issues involved was because accountant had failed to inform her that she would have a 100% loading on her tax. (say 1200 - 1800 payable 31st Jan 600 31st July and she...	111 Bookkeeping and Payroll	4	877	Fri Jul 25 23:56 2014 by 111 Bookkeeping and Payroll
	Am i being realistic (Preview) I have recently qualified in AAT Level 2 book keeping and am about to study AAT level 3. I would like to start my own book keeping business but at present i am lacking in confidence due to the fact that i have not had any practical experience in some of the areas i have covered in the level 2 workbooks. In my pr...	Nikola	8	1019	Thu Jul 24 12:48 2014 by Nikola
	historical report in sage 200 (Preview) Good morning, everybody. I am new to sage 200 and Report Designer. I noticed some reports are marked as "historical". what does it mean? what kind of date will drop into "historical"? Thanks! Crina	Crina251075	0	626	Thu Jul 24 08:24 2014 by Crina251075
	Brokerage (Preview) Hi Has anyone come across brokerage before and the best way to show it on Sage? i,e Joe puts his boat on brokerage with them for say £200 Dave buys the boat for £200 We then pay Joe the cash (minus 8% commission plus vat = £19.20 ) = £180.80 I know the boat shouldn't be showed as an asset, can I just put through t...	jaybag	0	618	Wed Jul 23 17:09 2014 by jaybag
	'just' sole traders (Preview) Hey guys. Is it possible to build a business based upon acting purely for sole traders? Is it possible to earn in excess of Â£20k net? Providing bookkeeping and tax work. I don't think Â£20k is a ridiculous number. Of course I don't expect revenue of this amount over night! Based upon the l...	abacus12345	9	1574	Tue Jul 22 23:22 2014 by kjmcculloch83
	CV's what do you put in them? (Preview) Hi all, What would you put in a CV? I am updating my current CV as I need to produce it and I was wondering how far back you should go on education? Would you put your schools years down there if you are over 40? I have actually gained more qualifications since leaving school! Any replies will be appreciate...	Amanda	11	1153	Tue Jul 22 21:05 2014 by VinceH
	What do you charge for a set of dormant accounts? (Preview) Can I ask what people charge to do a set of dormant accounts? Also do you charge extra on top of the filing fees for CH and HMRC or just the fee itself? Thank you	BookkeeperBasingstoke	2	809	Mon Jul 21 23:43 2014 by MarkS
	Accounting Entries & Disclosure on Bad Debt Relief GST/VAT Bad Debt Relief (Preview) Malaysia is implementing GST @ 6% (VAT equivalent) on 1 April 2015. We are allowed to claim a Bad Debt Relief if the debtors have not paid us in 6 months.Please help me up on the accounting entries & disclosure:Accounting entries on issuance of sales invoice:Dr Debtor $106Cr Sales $100Cr GST Outp...	josephteh	0	2545	Mon Jul 21 11:29 2014 by josephteh
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